Journalize the Following Business Transactions in General Journal Form

question 126

Essay

Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction.
1. Andrew Bird invested $35,000 cash in exchange for stock.
2. Hired an employee to be paid $400 per week, starting tomorrow.
3. Paid two years' rent in advance, $7,440.
4. Paid the worker's weekly wage.
5. Recorded revenue earned and received for the week, $1,900.

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Definitions:

Neurocognitive Disorder

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A progressive neurological disorder that causes memory loss, cognitive decline, and eventual loss of the ability to carry out simple tasks.

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A genetic disorder caused by the presence of all or part of an extra 21st chromosome, characterized by physical growth delays, characteristic facial features, and mild to moderate intellectual disability.